The Latest FinCrime News from the MENA region
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UAE Enhances Financial System Security Through Regulatory Oversight
The UAE dramatically intensifies its domestic regulatory framework by executing thousands of field inspections to enhance supervisory oversight acr...
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Nobitex and 3 Other Iranian Crypto Exchanges Blocked In US Treasury Sanctions Sweep
The United States blacklists Nobitex and three other major Iranian cryptocurrency exchanges to halt state-sponsored cryptocurrency sanctions evasio...
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Massive AML Crackdown Hits 134 Kuwaiti Jewelry Establishments
Kuwaiti authorities recorded 134 violations in a major crackdown on the gold sector to combat money laundering and ensure strict financial compliance.
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MENAFATF 42nd Plenary Strengthens Middle East AML Framework
The MENAFATF 42nd Plenary in Rabat focused on strengthening anti money laundering controls and regional cooperation to combat illicit financial flows.
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Inside the Massive 30 Billion Dollar Iranian Crypto Laundering Ring
This article examines how the Iranian Nobitex exchange and the Rafsanjani family utilize digital assets for sophisticated Nobitex money laundering ...
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FinCEN Alert Targets Iranian IRGC Oil Smuggling and Money Laundering
FinCEN issues a critical alert to financial institutions regarding IRGC Money Laundering tactics involving illicit oil sales, shadow banking networ...
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The Central Bank of the UAE (CBUAE) Strengthens AML Compliance Framework
CBUAE, the Central Bank of the UAE has issued a massive regulatory update to strengthen UAE AML Regulations, targeting trade based money laundering...
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UAE Promulgates Law Establishing Digital KYC Platform
The UAE has launched the UAE KYC Digital Platform under Decree Law No. 30 of 2024, introducing strict criminal penalties and imprisonment to combat...
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Analyzing Trade Misinvoicing and Illicit Financial Flows in Developing Nations
Illicit financial flows in Asia hit a record 1.69 trillion dollars as trade misinvoicing continues to drain essential resources from developing nat...
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Dubai Virtual Asset Governance and Exchange Compliance Standards
The regulatory framework for Virtual Asset Governance in Dubai is now in effect, mandating strict board independence and exchange resilience to ens...
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Sanctions Under Fire: Industrialized Evasion and Laundering Networks in War Times
Sanctions evasion networks industrialization is accelerating as conflict drives complex laundering systems combining crypto, trade, and gold, expos...
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Kuwait Implements Strict AML Penalty Matrix With Increased Fines
Kuwait introduces a new AML violation matrix with fines up to KD 500,000 and license revocation for high risk breaches according to KUNA. This fram...
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Escalated Digital Asset Outflows from Iranian Platforms During Conflict
A significant spike in Iranian exchange withdrawals reveals how Crypto Anti Money Laundering efforts face new challenges during military escalations.
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US Treasury Sanctions Million Dollar Hezbollah Gold Shipping Laundering Ring
The U.S. Treasury has blocked millions in assets to disrupt Hezbollah Financial Strategy, targeting gold exchange firms and shipping networks that ...
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EU Sanctions Iran High-Level Officials After IRGC Designated as Terrorist Group
The European Union has designated the Islamic Revolutionary Guard Corps (IRGC) as a terrorist group, freezing assets of top officials to combat sta...
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US Sanctions Six Gaza Nonprofits Linked to Hamas $2.5 Million Transfer
The US Treasury recently exposed a Terrorist Financing Risk involving six Gaza nonprofits that laundered millions for Hamas, including $2.5 million...
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The Lebanese Central Bank Enhances Anti-Money Laundering Framworks
This article details how the Lebanese Central Bank is enhancing its financial oversight and anti money laundering protocols to ensure transparency ...
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UAE Aims At Strengthening Regional Defenses During 2026 MENAFATF Presidency
The UAE begins its 2026 MENAFATF UAE presidency, enforcing Federal Decree Law 10 2025 and aligning regional standards with the FATF fifth round met...
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CBUAE Revokes Omda Exchange License and Imposes Dh10 Million Fine
The CBUAE revoked the license of Omda Exchange and imposed a 10 million fine following an investigation into Omda Exchange AML Violations and regul...
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Turkey orders detention of 10 suspects for financing Daesh terrorism
Authorities in Turkey detained 10 suspects for using Economic Mobilization Tactics to fund Daesh. The group moved money to Syria under religious p...
Other News From the MENA Region
UAE Enhances Financial System Security Through Regulatory Oversight
The UAE dramatically intensifies its domestic regulatory framework by executing thousands of field inspections to enhance supervisory oversight across virtual assets and traditional banking systems.
Nobitex and 3 Other Iranian Crypto Exchanges Blocked In US Treasury Sanctions Sweep
The United States blacklists Nobitex and three other major Iranian cryptocurrency exchanges to halt state-sponsored cryptocurrency sanctions evasion, terror finance, and illicit financial networks tied directly to the regime.
Massive AML Crackdown Hits 134 Kuwaiti Jewelry Establishments
Kuwaiti authorities recorded 134 violations in a major crackdown on the gold sector to combat money laundering and ensure strict financial compliance.